Legislation has just been passed increasing the limit of overseas stake in local airlines from 20 to 49%. The market in Brazil – currently almost entirely dominated by four major airlines – ranks third in the world, only behind USA and China. It has tripled in the past ten years, having reached 111 million passengers in 2015. The Brazilian Airlines Association further estimates that such figure may nearly double until 2022.
The measure which has been discussed for a long time before being finally enacted comes at a time of temporary market retraction and extreme currency undervaluation. Those circumstances are all the more indicative of yet another investment opportunity for global players. Considering Brazil’s continent-size territory, the potential for growth in domestic air transportation is absolutely huge. Airports for their part, also an area where massive resources are needed, have been made available for concessions and PPPs a few years ago.
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